Research Strategy

In order to gather information on the provided company's annual turnover, our research team utilized several research techniques. The team began by reviewing the companies' websites, annual reports and press releases. Unfortunately, this method did not provide any financial data for Blairgowrie Fruit Packers Limited
and Brand Packaging Solutions, Carroll & Meynell Transformers Ltd and Brookerpaks. Next, we leveraged third-party online databases, such as Hoovers, Endole Suite, CrunchBase, Owler, Company Explorer, Company Financial, Company Check, and Statista. This method proved useful as we were able to at least fetch 2016 year's turnover data for only Brookerpaks and Carroll & Meynell Transformers Ltd, while we couldn't get any data on Blairgowrie Fruit Packers Limited
and Brand Packaging Solutions. Finally, we leveraged the United Kingdom's Companies House filings database but our research proved futile in this front too.

Research Strategy

Three consecutive years of the turnover data for China Industries Ltd t/a Wow! Stuff, E.V.G. Europe, and Easy Karaoke Limited are not publicly available. To identify the required information, we first examined the information published by these three companies. China Industries Ltd t/a Wow! Stuff, E.V.G. Europe, and Easy Karaoke Limited are privately held companies and have not disclosed any financials on their websites or other documents.

Next, we examined business databases such as Endole, Global Database, Hoovers, and others. Endole has provided the latest estimated turnover figures for China Industries Ltd t/a Wow! Stuff, E.V.G. Europe, and Easy Karaoke Limited. We have assumed that the figures are the estimated turnover for 2019.

Lastly, we examined articles that mentioned the three companies. Articles about China Industries Ltd t/a Wow! Stuff have provided general information but did not reveal any turnover figures. Several business databases featured E.V.G. Europe and Easy Karaoke Limited, but there are no articles online that talked about the companies.

Research Strategy

Leveraging the United Kingdom's Companies House filings database, the Endole Suite Company Explorer, and company financial reports, we were able to provide the requested turnover data for most of the companies listed in rows 22 to 31 of the attached spreadsheet, except for three companies: Hardknott Brewery, Hawthorn Produce Handling & Packing, and Invicta Produce Ltd. The reports filed by these companies did not include revenue/sales/turnover data except for company assets and tax-related information.

To find the missing information, we attempted to search through each company's website to see if they published any annual reports that contained relevant financial information. Our research shows that Hardknott Brewery and Hawthorn Produce Handling & Packing do not have a working website. While the two companies had relevant profiles on social media networks like LinkedIn and Twitter, none of these platforms provided their financial details. Invicta Produce Ltd. Has a working website, but a search for its financial reports was not fruitful. A thorough search of the company in both the United Kingdom's Companies House filings database and the Endole Suite Company Explorer indicated that the company has never reported any of its returns.

The research team also looked through business directories such as Owler, Hoovers, and Crunchbase to at least provide an estimated revenue for these three companies; however, their profiles on these directories did not contain any revenue information. We also conducted a press search of these companies to see if recent news articles, company profiles and interviews, and press releases could provide the requested financial data, but we equally hit a brick wall. As such, we have entered N/A in the respective cells.

The link to the reports we took the turnover data from for each company expires after a while. To that effect, we have taken screenshots of the turnover figures from the fillings and added them to the attached document.

Research Strategy

Three consecutive years of the turnover data for John Drury & Co Ltd, Masterbuild Products, Melborha Engineering, and Metaltex Ltd are not publicly available. To identify the required information, we first examined the information published by these four companies. John Drury & Co, Masterbuild Products, Melborha Engineering, and Metaltex are privately held companies and have not disclosed any financials on their websites or other documents.

Lastly, we examined articles that mentioned the four companies. Articles about John Drury & Co have provided general information but did not reveal any turnover figures. Several business databases featured Masterbuild Products,Melborha Engineering, and Metaltex, but there are no articles online that talked about the company.

Research Strategy

Leveraging the United Kingdom's Companies House filings database, we were able to provide the requested turnover data for most of the companies listed in rows 42 to 51 of the attached spreadsheet, except Network Display and Plan Z Distributions Limited. The reports filed by these companies did not include revenue/sales/turnover data except for things like tax and company assets.

To find the missing information, we attempted to search through each company's website to see if they published any annual reports that contained relevant financial information. Our research shows that Plan Z Distributions Limited does not have a working website. There was no website listed for it on the business directories that we searched, while there were also no relevant profiles on social media networks like LinkedIn and Twitter. There were employee profiles, though.

The research team also looked through business directories such as Owler, Hoovers, and Crunchbase to at least provide an estimated revenue for these companies, however, their profiles on these directories did not contain any revenue information. We also conducted a press search of these companies to see if recent news articles, company profiles and interviews, and press releases could provide the requested financial data, but we equally hit a brick wall. As such, we have entered N/A in the respective cells.

Kindly note that the link to the reports we took the turnover data from for each company expires after a while. To that effect, we have taken screenshots of the turnover figures from the fillings and added them to the attached document.

Research Strategy

Leveraging the United Kingdom's Companies House filings database, we were able to provide the requested turnover data for most of the companies listed in rows 52 to 61 of the attached spreadsheet, except Robert McBride Ltd t/a Aerosol Prod, Shiver Ice Ltd, The Deeside Water Co. Ltd, and The Pallet Co. The reports filed by these companies did not include revenue/sales/turnover data except for things like the tax paid and the size of the company's assets. This is because the requirements for filing differs depending on the size of the company.

Additionally, the research team was unable to provide the 2016 turnover for SFS Group Fastening Technology Ltd. We found that SFS Intec Holdings Limited changed its name to SFS Group Fastening Technology Ltd in 2017 and that was the year the company started reporting turnover data in its annual filings.

To find the missing information, we attempted to search through each company's website to see if they published any annual reports that contained relevant financial information. We found that the McBride Group which owns Robert McBride Ltd t/a Aerosol Prod publishes annual reports, however, the reporting structure of the report does not break down the turnover earned per subsidiary. Other company websites were light on details.

The research team also looked through business directories such as Owler, Hoovers, and Crunchbase to at least provide an estimated revenue for these companies. This approach did not yield any relevant information. For example, the profile for Robert McBride Ltd t/a Aerosol Prod included the overall McBride Group's revenue. On the other hand, the research team could not find companies like Shiver Ice Ltd on these directories.

We also conducted a press search of these companies to see if recent news articles, company profiles and interviews, and press releases could provide the requested financial data, but we equally hit a brick wall. As such, we have entered N/A in the respective cells.

Kindly note that the link to the reports we took the turnover data from for each company expires after a while. To that effect, we have taken screenshots of the turnover figures from the fillings and added them to the attached document.

Research Strategy

The turnover data for the United Kingdom-based companies were searched through the UK Companies Database and the UK Companies House database. Going through these two databases reveal that Tovali Limited and We Can Foods both filed reports that did not include any turnover/sales data. Instead, what they have filed include data on company assets. Attached here is the document with the screenshot of these two companies' financial statements.

Going through their respective websites also did not reveal any financial statements/reports. News articles, interviews and any press releases related to Tovali Limited and We Can Foods were also looked at, but there was no published revenue/turnover data. Business directories, such as Hoovers and Crunchbase, were also searched, but the company profile on these sites did not reveal any sales data.

The 2018 turnover of Thew Arnott & Co. Limited is also not publicly available. It is not found on their website, business directories, nor any media articles. According to the UK Companies Database, Thew Arnott & Co. Limited has not yet released its up-to-date financial accounts.

The turnover data in the UK Companies Database do not have a currency symbol, thus was double-checked with the data in the UK Companies House database to know the proper data currency. Attached here is a document with the screenshot of the turnover data of UPS SCS and Tom Walker & Sons Limited from the UK Companies House revealing that the currency is in pounds.

Research Strategy

In order to gather information on the provided company's annual turnover, your research team utilized several research techniques. The team began by reviewing these companies' websites, annual reports and press release. Unfortunately, this method did not provide any financial data. Next, we analyzed relevant news websites (like El Periodico and La Vanguardia) in the hopes of finding news where the companies' executives divulged their turnover data. However, no such coverage was found. Finally, we leveraged third-party online databases, such as, elEconomista, Hoovers and Statista. This method proved useful as we were able to at least on year's turnover data for each of the required companies.

Research Strategy

There are no available data for GB Fabricación, S.L.U. It doesn't have a website and the company is also not listed in Spanish companies databases such as elEconomista and infoempresa. The company is also not mentioned in any news article. The turnover data for Facil & CIE, Flexix S.A., Gates PT Spain, S.A. and Goma-Camps, S.A. are also not publicly available. Going through each of these companies' websites did not reveal any financial statements. Blogs and media releases or news articles pertaining to these companies also did not show any annual total sales report. Hoovers database was also scanned through but there are also no available turnover data in there for the specified companies. It may be that the turnover data for these companies are in the company reports that are behind a paywall, as listed in the infoempresa database.

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Turnover Data 10

Nestle Purina Castellbisbal had sales of €117.13 million in 2018, while during the same period LecheCelta S.L. had a turnover of €235.93 million. The requested turnover data for the listed companies has been summarized in rows 92-101 of the attached spreadsheet and a brief overview of the findings is presented below.

LingotesEspeciales S.A.

LISI Automotive Knipping Espana S.

LISI Automotive Knipping Espana S. is a part of the LISI Group. LISI Automotive division of the group had annual sales of €581.1 million in 2018 and is also present in France, Germany, Italy and the United Kingdom.

According to Hoovers, the estimated revenue for LISI Automotive Knipping ESPANA, S. is $38.43 million.

Nestle Tradicionales (Distribucion)

According to the Open Corporates database, NestléEspaña SA is registered under company number 08005449, which is the same as the VAT number for Nestle Tradicionales (Distribucion).

To obtain information about the sales data for the listed companies, we first looked for financial information on each company's website. However, this approach provided us with sales for only one company, but there was no turnover information for the other requested companies. After that, we reviewed their parent companies' websites hoping to find a breakdown of sales for their subsidiaries. However, these pages only provided us with financial information for the parent company and there was no data for their subsidiaries.

Next, we scanned various databases elEconomista, Bolsa de Madrid and others, where we wanted to find sales information for the listed companies. While this strategy provided us with information for several companies, we still didn't find turnover data for all requested companies. Finally, we searched through different news articles and publications such as the Heraldo, Cronica Global, ElPeriodico, La Vanguardia and others, hoping that they published sales volumes for the Spanish companies. Unfortunately, these pages only mentioned financial information for their parent companies, but there was no turnover data for the requested companies.

There was no information for Nestle Tradicionales (Distribucion) listed in the public domain. However, we did find that NestléEspaña SA has the same VAT/Company number, so we searched their website and included the most recent sales data. We also included estimated revenues for Nedschroef Barcelona and LISI Automotive Knipping Espana and the sales information for their parent companies as a helpful finding.

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Turnover Data 11

Among the companies listed from rows 102 to 111 of the attached spreadsheet, only Papelera Del Ebro, S.A., S.A. Damm, SaargummiIberica, S.A., and SAICA PACK S.L. have details on their turnover data for three consecutive years, 2016 to 2018. These figures have been summarized below.

S.A. Damm

SaargummiIberica, S.A.

SAICA PACK S.L.

Research Strategy

In order to find the turnover data of the assigned companies for three consecutive years, we initially checked their official website, however, there were no direct mentions of this information even on their blogs and press release sections. Next, we looked for each company's annual report and financial statement. Some companies discuss their capital but enough information on their total sales was not available. Lastly, we sought the data from third-party sources such as Rankings Empresas in search of any turnover data concerning the companies. We were able to find them for the four companies mentioned above, but not for other companies. In the absence of this information, we put N/A to corresponding cells on the attached spreadsheet where information was not available.

Turnover Data 13

Bonduelle Portugal had sales of €2.77 billion in 2018, while during the same period, El Corte Ingles had a turnover of €15.78 billion. The requested turnover data for the listed companies have been summarized in rows 122-131 of the attached spreadsheet, and a brief overview of the findings is presented below.

Research Strategy

We were not able to find turnover values for the companies Cesman, Minipreco, Empacotal, and Eurocast Portugal. To identify the required information, we first examined the websites of the companies for their annual reports and press releases. But these companies have not published any annual reports nor have mentioned any sales information through their press releases. Most of the press releases were general information about their products and services. The reason for this could be that these companies are private, and they have not released financial information to the public.

Next, we examined local (Portugal) and global business databases such as Infoempresas, Racius, Crunchbase, and Hoovers to find any mention of turnover values for these companies. These databases did not have any information related to the turnover values of these companies, nor did it provide any insight into any financial aspect of these companies. Most of the information was general data on the company such as addresses, executive heads, an overview of the history, etc.

Lastly, we examined media publications such as Jornal de Negocios, Portugali News, The Business Journals, and others to find the missing information. Although articles on these relevant companies provided insights as to their current progress in the field, they did not have any information related to the turnover values of these companies. Most of the information was related to their products or interviews with executives of the companies and any insights on the financial side of these companies were not available. Therefore, we concluded that the turnover values for these companies are not publicly available.

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Turnover Data 14

Among the companies listed from rows 132 to 141 of the attached spreadsheet, only Herdade do Esporão, INPLAS - Industrias de Plásticos S., and LIDOSOL - Pingo Doce - Dist Alim have details on their turnover data for three consecutive years, 2016 to 2018. These figures have been summarized below.

INPLAS - Industrias de Plásticos S.

LIDOSOL - Pingo Doce - Dist Alim

Research Strategy

In order to find the turnover data of the assigned companies for three consecutive years, we initially checked their official website, however, there were no direct mentions of this information even on their blogs and press release sections. Next, we looked for each company's annual report and financial statement, the remaining companies did not provide details for turnover in these reports, or the reports were not publicly available. Finally, we sought the data from third-party sources such as Hoovers, in search of any turnover data concerning the companies. We were able to find them for the four companies mentioned above, but not for other companies. In the absence of this information, we put N/A to corresponding cells on the attached spreadsheet where information was not available.

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Turnover Data 15

The turnover data for the companies listed in rows 142-151 have been provided in the attached spreadsheet. All the companies are privately held and only the turnover for one year was available for each of the companies.

Company Turnover

Lusoalimentos, Lda's turnover for 2019 was approximately $29.99 million.

Research Strategy

In order to search for information on the annual turnover of the identified companies, we started by reviewing the companies' websites and press release. Unfortunately, this did not provide any financial data as all the companies are privately held companies.

Next, we scoured through news media sites such as Publico, Notícias ao Minuto, and Noticias Magazine. We hoped to find articles or reviews featuring the companies where industry experts provided information on the turnover of the companies or where the companies' executives divulged their turnover data. However, no such article was found.

Finally, we leveraged third-party online databases such as Racius, Kompass, Empresite, Einforma, and Hoovers. This method proved useful as Hoovers provided the annual turnover data for each of the companies. We have assumed that the figures are the estimated turnover for 2019. Someofthe sites provided turnover data for three years but they are all paywalled.

A thorough search revealed that there is no company known as MAKRO Entreposto Nao Alimentar. We repeated the search using the corresponding VAT number and the company that was returned is Transportes Florêncio & Silva, S.A. We therefore provided the turnover data for Transportes Florêncio & Silva, S.A.

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Turnover Data 17

The available turnover data for 2016 to 2019 is included the spreadsheet.

Helpful Findings

Setcereal is a private limited company that sells animal feed. According to Hoovers, the estimated annual revenue is $6.14 million.

As of 2019, Setcereal serves 1,900 retail customers and 8,000 customers in their branch stores. Approximately 120 customers visit their stores each day.

Sotavinhos is a wine distribution company based in Portugal. According to Hoovers, the company has approximately $13.17 million in annual sales.

Sovena Group is known for its olive oil production, but the company has several areas of focus including agriculture, consumer goods and bio diesel. Sovena Group's consumer goods products include olive and vegetable oils, soaps and vinegar.

Sugal Group produces tomatoes and fruit. The company harvests in both the northern and southern hemispheres which allows them to grow two crops each year.

Research Strategy

The research team searched for financial reporting and annual reports for Setcereal on corporate and government sites. In Portugal, only public companies, companies traded in the stock exchange and limited liability companies are required to report their financial information. Setcereal is a private limited company and has not released its financial information. We then searched business information sites and press releases for any sales information.

We then tried to find the number of units sold by the company to calculate turnover. However, the company has chosen not to disclose this information. Finally, the research team attempted to calculate turnover by determining the number of customers and their average spend. While the company shares the approximate number of customers and store visits, they do not share the average spend per customer, so we were unable to calculate turnover.

Shotic Europa is a subsidiary that does aluminum forging production for Showa Denko. There is no sales data available for the subsidiary, likely because it is responsible for production and does not have a sales department that directly sells to customers. Hoovers estimates the company's total revenue to be $13.35 million.

The parent company, Showa Denko, does list annual sales in their annual reports. The research team did check these reports, but did not find the sales data broken down by affiliates or subsidiaries. Here is the most recent annual sales information for Showa Denko:

In 2016, net sales equaled ¥671,159 million

In 2017, net sales equaled ¥780,387 million

In 2018, net sales equaled ¥992,136 million

The research team also attempted to locate information including the number and price of units sold in order to calculate turnover; however, this information was not available. We also attempted to calculate turnover by searching for the average spend per customer and number of customers each ear, but again, this information was not publicly available.

Sogenave has shared its sales data for 2011 to 2017. During that time, the company has grown from €101.6 million to €175 million in sales. Sales figures from 2018 to 2019 are not available. We searched government and corporate records but did not find other annual or financial reports for the company. Additionally, the company did not release the other information necessary to calculate sales data including average spend per customer and number of customers or number and cost of units sold.

Sotavinhos is a public limited company, but does not share annual or financial or annual reports. We also searched for revenue reporting in press releases and third-party business sites, but were unable to locate that data. As with Sogenave and Setcereal, the research team attempted to locate data that would allow us to calculate turnover, but the company has not made sales and customer information publicly available.

Sovena Group has four main business areas: agriculture, consumer goods, oil seeds and bio diesel. The research team was unable to locate turnover data specific to the consumer goods business area, but we did uncover annual turnover for the company as a whole.

The research team was unable to find turnover data for Staples Portugal. In 2017, Staples was acquired by Sycamore Partners and returned to being a private company. Prior to this, Staples sold the controlling interest of its European operations. The sale to the private company Cerebrus Capital Management was final in 2017. In 2017, the revenue for Staples Europe was €1.7 billion. In addition, we looked for current sales information for Staples Europe and the percentage of sales that come from Portugal. As a privately held entity, the company has chosen not to publish that information.

The research team also attempted to calculate the turnover of Staples Portugal by searching for the number of customers and the average spend per customer and the number and average cost of units sold. This data was not available.

Sugal Group is a privately held company and has chosen not to disclose financial information, sales numbers or the number of customers. The research team was able to find the turnover data for 2017 in an article in European Supermarket Magazine, but no other recent turnover data has been published in press releases or articles. The 2017 turnover number is included on the spreadsheet. As with other companies, we attempted to calculate turnover by searching for the number of customers and the average spend per customer and the number and average cost of units sold. This information was not publicly available.

The research team was not able to find a consumer-facing website specifically for the transportation company Transbase (Reg Mercadorias) INTERMA. Transbase is a société anonyme, or public limited company that works with the Os Mosqueteiros group. By verifying the VAT number with the European Commission, we were able to confirm that it is an active business in Portugal. The company does have business listings on other sites as seen here and here.

The research team searched company and government websites for Transbase's annual or financial reporting. We then attempted to find revenue or sales data listed on third-party business sites or in press releases. We were unable to find the financial data for Transbase or Os Mosqueteiros. Hoovers estimates that Transbase's revenue is $50.64 million per year.

We also attempted to locate information that would help us calculate the total sales for Transbase. We searched for freight transport rates and information on the number of customers or amount of freight hauled. The research team was unable to locate that information.

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Turnover Data 16

Preh Portugal had sales of €1.32 billion in 2018, while during the same period, Ramirez & Cia had a turnover of €30 million. The requested turnover data for the listed companies have been summarized in rows 152-161 of the attached spreadsheet, and a brief overview of the findings is presented below.

Research Strategy

We were not able to find turnover values for the companies Saven S.A., Salexpor, and Retda — Retailor Alimentar. To identify the required information, we first examined the websites of the companies for their annual reports and press releases. But these companies have not published any annual reports nor have mentioned any sales information through their press releases. Most of the press releases were general information about their products and services. The reason for this could be that these companies are private, and they have not released financial information to the public.

Next, we examined local (Portugal) and global business databases such as Infoempresas, Racius, Crunchbase, and Hoovers to find any mention of turnover values for these companies. These databases did not have any information related to the turnover values of these companies nor did it provide any insight on any financial aspect of these companies. Most of the information was general data on the company such as addresses, executive heads, an overview of the history, etc.

Lastly, we examined media publications such as Jornal de Negocios, Portugali News, The Business Journals, and others to find the missing information. Although articles on these relevant companies provided insights as to their current progress in the field, they did not have any information related to the turnover values of these companies. Most of the information was related to their products or interviews with executives of the companies and any insights on the financial side of these companies were not available. Therefore, we concluded that the turnover values for these companies are not publicly available.